Duplex with Quartz
For Sale
$355,000
2700 02 S Galvez St, New Orleans, LA 70125
Two residences feature stainless appliances, vinyl flooring, quartz countertops, and distinct one-story and two-story layouts.
Property Size1,600 SF
Price / SF$221.88
Days on Market77
Property Features for 2700 02 S Galvez St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
St. Claude
Highway Access
Yes
Building Details
Year Built
2023
Listing Agency:
Axen Realty, LLC
Listed By:
Kaisha Lymon
(504) 905-9799
Source:
Fiorellaavenue
Added: Aug 8
Changed: Oct 5
Last Checked: Oct 7 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Axen Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this duplex includes two residences, each with two bedrooms and one and a half bathrooms. The layouts differ, with one side arranged on a single level and the other extending across two stories. Interior features include stainless steel appliances, vinyl flooring, quartz countertops, 10-foot ceilings, and clean finishes. A second-floor balcony adds exterior space to the two-story side.
The property is located at 2700 02 S Galvez St in New Orleans, with access to I-10 nearby. Starbucks is also minutes away, and Downtown New Orleans is within a short commute. The duplex configuration supports either an income-property strategy or owner occupancy, as stated in the property information.
The property is located at 2700 02 S Galvez St in New Orleans, with access to I-10 nearby. Starbucks is also minutes away, and Downtown New Orleans is within a short commute. The duplex configuration supports either an income-property strategy or owner occupancy, as stated in the property information.
Key Highlights
- Two‑unit duplex built in 2023
- Each residence includes 2 bedrooms and 1.5 bathrooms
- 1,600 property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,260
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,200
$405.2K
Cap Rate 7%
$289,429
$289.4K
Cap Rate 9%
$225,111
$225.1K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$2.7K −$1.71/SF
EGI
$28.9K $18.09/SF
− OpEx
−$8.7K −$5.43/SF
NOI
$20.3K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,200
Cap Rate 7%
$289,429
Cap Rate 9%
$225,111
Alternative Uses
Best Use
Multifamily LT 5
$289.4K
$253.3K – $337.7K
NOI $20,260 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$266.0K
$232.8K – $310.4K
NOI $18,622 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$406.7K
$355.8K – $474.5K
NOI $28,467 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature stainless appliances, vinyl flooring, quartz countertops, and distinct one-story and two-story layouts.
Where is this duplex located?
The property is located at 2700 02 S Galvez St New Orleans, LA.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2023; Each residence includes 2 bedrooms and 1.5 bathrooms; 1,600 property size
